Lead investments in XPV Capital and Georgian Partners launch program of
investing in high-potential Canadian venture funds and companies
TORONTO, Feb. 11, 2014 /CNW/ - Northleaf Venture Catalyst Fund (NVCF)
today announced that it has made its first two fund commitments
totalling $60 million to leading Canadian venture capital funds XPV
Water Fund II and Georgian Partners Growth Fund II.
"We are pleased to have made a lead commitment to two of Canada's most
promising venture capital funds," said Melissa McJannet, Managing
Director of Northleaf Capital Partners, the manager of NVCF. "The
investments in XPV and Georgian are the first in what will be a series
of commitments from NVCF to Canadian venture capital funds and
portfolio companies. These commitments reflect NVCF's long-term
strategy - the construction of a portfolio of best-in-class funds and
portfolio companies with sufficient scale and resources to execute
their plans and deliver world class returns."
Through investments in promising Canadian funds, NVCF seeks to
strengthen the ability of the country's venture capital sector to
support innovative, high-growth Canadian companies by providing
increased access to the capital, expertise and support they need.
NVCF's primary objective is to generate attractive, long-term returns
for its investors. By demonstrating the significant opportunities
available to investors in Canadian venture capital and growth equity
funds and companies, NVCF will contribute to the development of a
profitable, globally competitive and self-sustaining venture capital
industry in Canada.
"We are delighted to have NVCF as a lead investor in our second fund and
look forward to continuing our successful long-term partnership with
the Northleaf team," said David Henderson, Managing Director of XPV
Capital. "Their commitment enables us to implement our differentiated
investment strategy of investing in leading companies in the water
sector and delivering strong returns for our investors."
"We are thrilled to have Northleaf Venture Catalyst Fund as our lead
investor in Georgian Partners Fund II," said Justin LaFayette, Managing
Director of Georgian Partners. "Northleaf's commitment, together with
the support of our other limited partners, will help Georgian to
continue to invest in leading growth-stage technology companies that
are exploiting Applied Analytics: the convergence of Cloud-based
business solutions, Big Data, and broad Information Rights."
About Northleaf Venture Catalyst Fund
Northleaf Venture Catalyst Fund is a joint initiative between major
Canadian institutional investors and the Governments of Canada and
Ontario to invest primarily in Canada-based venture capital and growth
equity funds that support innovative, high growth companies. NVCF is
structured as a fund of funds with the primary objective of generating
attractive returns for its investors. The Fund is managed by Northleaf
Capital Partners. For more information on Northleaf, visit www.northleafcapital.com
About XPV Capital Corporation
XPV Capital Corporation is a Toronto-based investment firm focused on
"Making a Difference in Water." By combining proven water entrepreneurs
with seasoned investment professionals, XPV is a true value-added
financial partner for both investors and companies aiming to capitalize
on the sweeping transformation taking place in the global water
industry. For more information on XPV, visit www.xpvcapital.com.
About Georgian Partners
Georgian Partners is a Toronto-based growth equity firm investing in
expansion stage Enterprise Software, Internet and Information companies
that are exploiting Applied Analytics: the convergence of Cloud-based
business solutions, Big Data, and broad Information Rights. Founded by
successful entrepreneurs and technology executives, Georgian Partners
leverages the team's global software expertise to be able to directly
impact the success of companies. For more information on Georgian
Partners, visit www.georgianpartners.com.
SOURCE Northleaf Capital Partners